Be prepared for an extremely volatile summer.The implications of the Strait of Hormuz being shut for three months are now rippling through the global economy.First in fuel. Then in fertilizer. Then in food. Before you know it, an inflationary recession. https://t.co/aPtzuSdkNaThe Kobeissi Letter (@KobeissiLetter):BREAKING: April PPI Inflation surges to 6.0%, well above expectations of 4.9% and the highest level since January 2023.Core PPI Inflation rose to 5.2%, above expectations of 4.3%.Both CPI and PPI I ...

Yeah, and numbers are coming in on the warm side. Our April producer price index for the month of April, headline number almost triple expectations, up a whopping 1.4%. Wow, you have to go back to March of '22 to find a bigger number, and that number was 1.7%.Now, if we strip out the all-important food and energy, we're also at a triple-header here. We were expecting up 3/10, we end up with up 1%. Up 1% would be the warmest since Wow, also March of '22.Now, if we go to the ex-food, energy, and trade, it's d ...

PPI just printed 6.0% YoY, the hottest producer inflation read in over two years, with stage 1 intermediate goods up 8.9% (worst since October 2022). The rate-cut thesis is buried.Meanwhile Trump landed in Beijing this morning with Musk, Cook, Huang and Fink in tow, Schwab quietly opened spot crypto to retail, and the CLARITY Act markup hits tomorrow.The macro tape is on fire and the institutional rails are getting built anyway. Today's BSCN Insider Round-Up 🧵👇 ...

🇺🇸 UPDATE: U.S. PPI jumped 6% YoY in April, above the 4.9% expectations. ...

Coming out hot. Indeed. Jon 1.4% for the headline PPI on a month over month basis on a year over year basis that pushes the index to 6%.The core rate comes in up 1%. That is food and energy, which pushes the core rate on a year over year basis to 5.2%. And if you exclude trade, the basically the margins for retailers and wholesalers, you've got a 6/10 rise and a 4.4% annual rate.Now, in terms of the overall, uh, PPI, the index for goods is up by 1.2%. Uh, that is for uh, for services, rather prices for good ...

JUST IN: 🇺🇸 US PPI rises to 6%, higher than expectations. ...

A global energy price shock sparked by the US-Israeli war on Iran is forcing Turkey’s central bank to raise its inflation forecasts, putting further strain on the country’s efforts to slow price gains. https://t.co/qsUqc6lET7 ...

The yield on benchmark 10-year Treasuries rose to the highest since July after US wholesale inflation accelerated in April to the fastest pace since 2022. https://t.co/NqESQ0oXSb ...

US wholesale inflation accelerated in April to the fastest pace since 2022 on a war-driven increase in energy prices that’s feeding into higher transportation costs. https://t.co/3KE9VFl6vC ...

US Core PPI Rises Most since 2022Core producer prices in the United States, which exclude food and energy, rose by 1% over a month earlier in April 2026, the most since March 2022, following an upwardly revised 0.2% increase in March and well above market forecasts of a 0.3% advance. On a yearly basis, core producer prices rose by 5.2% in April, up from 4% in March and also above the expected 4.3% climb. ...